Fortinet (FTNT) Total Debt (2021 - 2026)
Fortinet (FTNT) recorded Total Debt of $496.9 million in Q2 2026, down 50.1% from $995.3 million a year earlier and unchanged from the prior quarter.
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Analysis
Fortinet (FTNT) Total Debt (2021 - 2026) Analysis & Trends
At the end of FY2025, Fortinet reported Total Debt of $996.3 million, up 0.2% from FY2024.
- Annual Total Debt has increased for four straight years, with a four-year compound annual growth rate of 0.2% (FY2021 to FY2025).
- Across earlier years, Total Debt came in at $994.3 million in FY2024 (+0.2%), $992.3 million in FY2023 (+0.2%), $990.4 million in FY2022 (+0.2%) and $988.4 million in FY2021.
- Quarterly Total Debt has ranged from $496.8 million in Q1 2026 to $1.01 billion in Q3 2021 over the past five years.
- On a year-over-year basis, Total Debt rose in six of the last eight quarters, with an average decline of 12.4%.
- Peak year-over-year performance for Total Debt in the last five years was growth of 0.2% in Q1 2025, against a decline of 50.1% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $496.8 million (Q1 2026), $996.3 million (Q4 2025) and $995.9 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 256.64 Bn | 241.72 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 232.35 Bn | 212.75 Bn | 1.10 Bn | 746.22 Mn |
| 3 | Fortinet | 123.26 Bn | 109.19 Bn | 1.64 Bn | 496.90 Mn |
| 4 | Snowflake | 108.15 Bn | 95.47 Bn | 1.04 Bn | - |
| 5 | Datadog | 88.38 Bn | 70.02 Bn | 881.34 Mn | - |
| 6 | Zscaler | 32.92 Bn | 19.04 Bn | - | - |
| 7 | Okta | 32.82 Bn | 22.92 Bn | 641.00 Mn | - |
| 8 | Axon Enterprise | 32.21 Bn | 26.73 Bn | 546.45 Mn | 1.73 Bn |
| 9 | MongoDB | 27.08 Bn | 17.55 Bn | 569.77 Mn | - |
| 10 | F5 | 25.16 Bn | 19.57 Bn | 711.51 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 496.90 Mn |
| Mar 31, 2026 | 496.80 Mn |
| Dec 31, 2025 | 996.30 Mn |
| Sep 30, 2025 | 995.90 Mn |
| Jun 30, 2025 | 995.30 Mn |
| Mar 31, 2025 | 994.90 Mn |
| Dec 31, 2024 | 994.30 Mn |
| Sep 30, 2024 | 993.80 Mn |
| Jun 30, 2024 | 993.30 Mn |
| Mar 31, 2024 | 992.80 Mn |
| Dec 31, 2023 | 992.30 Mn |
| Sep 30, 2023 | 991.80 Mn |
| Jun 30, 2023 | 991.30 Mn |
| Mar 31, 2023 | 990.90 Mn |
| Dec 31, 2022 | 990.40 Mn |
| Sep 30, 2022 | 989.90 Mn |
| Jun 30, 2022 | 989.40 Mn |
| Mar 31, 2022 | 988.90 Mn |
| Dec 31, 2021 | 988.40 Mn |
| Sep 30, 2021 | 1.01 Bn |
API Access
Fortinet Total Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-debt&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "ticker": "FTNT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-debt&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();